Hercules Site Services – full-year results highlight “cash at year end of £4.2m”. Er, what about those “loans and borrowings” though?!

Previously writing on UK infrastructure sector labour supply company Hercules Site Services (HERC), earlier this month I noted “Civils Projects Division Update”, what about overall performance including of its stated “core business” though?!. Today the company states that it “is pleased to announce its audited results for the year ended 30 September 2023”. So, how ‘pleasing’ are they?

Hercules Site Services (#HERC) – FY EPS up to 1.27p, DPS 1.72p, argues “strong pipeline of projects heading into 2024”

Hercules Site Services – “Civils Projects Division Update”, what about overall performance including of its stated “core business” though?!

UK infrastructure sector labour supply company Hercules Site Services (HERC) “is pleased to announce that its Civils Projects division has been awarded further contracts with a combined value of £5.75 million during Q4 2023, the first quarter of the company's new financial year”. What of this and a current few percent higher to 25p share price?

Hercules Site Services (#HERC) – further wastewater and water management contracts, building on the contracts announced in September

Hercules Site Services (#HERC) – first acquisition, initially 60% of construction sector white-collar recruiter Future Build Recruitment for £1.251m in cash and shares

Hercules Site Services (#HERC) – expects FY revenue and adj. EBITDA “ahead of market expectations”, argues well positioned for year ahead

Hercules Site Services – emphasises civils projects division “busy”, but what about the bottom-line?

Describing itself as “a leading technology enabled labour supply company for the UK infrastructure sector” (aren’t all labour supply companies “technology enabled” these days?!), Hercules Site Services (HERC) has issued a Civils Projects division contracts update, also including that it is “well positioned to meet increasing demand for our specialist services, while also contributing to a cleaner, safer infrastructure network”. So what of this and a share price currently more than 7% higher at 29p in response?

Hercules Site Services (#HERC) – notes H1 improvement, DPS maintained, growth “on track”

Hercules Site Services (#HERC) – “trading in line with market expectations”, looks forward to H2 with confidence

Hercules Site Services – AGM update emphasises “success”, why the fundraise detail that dare not speak its name then?

Describing itself as “a leading technology enabled labour supply company for the UK infrastructure sector”, Hercules Site Services (HERC) has emphasised “a year where we delivered 50% growth in turnover. This success enabled us to propose a final dividend for the year ended September 2022 of 1.12p per share, resulting in a total dividend of 1.72p per share for the year” and “our recent fundraise provides us with additional working capital to enable us to meet the strong demand for our services we are experiencing”. So what of a just above 40p share price, comparing to above 70p late last month?

Hercules Site Services (#HERC) – AGM update, again recent fundraise discount that dare not speak its name

Hercules Site Services – emphasises “support from new and existing investors”, why the placing discount that dare not speak its name then?

Describing itself as “a leading technology enabled labour supply company for the UK infrastructure sector”, Hercules Site Services (HERC) states that it “has experienced a strong start to trading in FY 2023. With this in mind, the net proceeds of the placing will be used to provide working capital to support the continued organic growth of the company's Labour Supply division” and boasts that “the placing received support from new and existing investors, including two of the company's largest shareholders”. So a good price then in relation to a prior close 72p share price?

Many More than Seven Labourers for Hercules Make this Outfit a Possible Punt

Hello Share Fanciers. As a kid the most popular showing at the cinema in the fifties was a cheap and cheerful dubbed Italian Sword and Sandal saga. It bore the exciting title of ‘Hercules Unchained’ and it reminds me of today’s recommendation. The company is called Hercules Site Services (HERC) and it’s an AIM-listed specialised recruitment outfit.

Hercules Site Services (#HERC) – FY update, “look forward with confidence”